The Reserve Bank of India, in exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO): | Company's Name | Registered Office Address | CoA No. & Date | Payment System Authorised | Date of Cancellation | | My Mobile Payments Limited | MOM House, Plot No. 61, Ramchandra Lane, Kanchpada, Malad (West), Mumbai 400064 | 46/2011 dated 24.10.2011 | Issuance and Operation of Prepaid Payment Instruments | 31.10.2019 | Following the cancellation of the CoA, the company cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim, if any, on the company as PSO, can approach the company for settlement of their claims within three years from the date of cancellation. (Yogesh Dayal)
Chief General Manager Press Release : 2019-2020/1077 | |